A company anticipates monthly sales of $$300,000$ for the months of April, May, June, and July. Materials represent $50\%$ of sales, and because of level production, material purchases will be equal for each month. Materials are paid for one month after the month purchased. Labor costs are $$16,000$ in April, $$19,000$ in May, $$16,000$ in June, and $$21,000$ in July. Fixed overhead is $$12,000$ per month. General and administrative expenses are $$2,000$ per month, interest expense of $$2,500$ is paid in May, and new equipment of $$10,000$ is also purchased in May. What are the company's total cash payments in May?

Multiple choice question.